FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY (EIN 620422666) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1900

Legal Domicile

Principal Officer

AMI N BURNS

Phone

9313631322

Tax Period

2023-01-01 to 2023-12-31

FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY, founded in 1900, is a small nonprofit that reported $235K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $438K exceeded revenue, resulting in a 87% operating deficit.

Mission

PROVIDES PROPERTY INSURANCE WITHIN GILES COUNTY, TN AND COUNTIES CONTIGUOUS THERETO

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $281,082

Investment Income $-94,425

Other Revenue $48,084

TOTAL REVENUE $234,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,234

Fundraising Expenses $0

Other Expenses $289,061

TOTAL EXPENSES $438,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,741	$317,483	-0.3%
Expenses	$438,295	$318,615	+0.4%
Net Income	$-203,554	$-1,132	+178.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$41,079

Total Directors

$102,807

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANIE MARIE WILBURN	SECRETARY/TREASURER	40.00	Officer Director	$33,409	$0	$33,409
HARRY WINFORD BURNS	PRESIDENT/DIRECTOR	1.00	Officer Director	$6,260	$0	$6,260
RICHARD EUGENE LONG JR	DIRECTOR	1.00	Director	$1,410	$0	$1,410
CLINT WINFORD BURNS	DIRECTOR	1.00	Director	$1,409	$0	$1,409
LANE EVERETTE ROSE	VICE-PRESIDENT	1.00	Officer Director	$1,410	$0	$1,410
WENDELL WILBURN	DIRECTOR/AGENT	40.00	Director	$58,909	$0	$58,909

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$234,741	$438,295	$873,612	$-203,554
2022	$317,483	$318,615	$1,106,782	$-1,132
2021	$322,320	$341,742	$1,110,066	$-19,422
2020	$392,351	$393,946	$991,040	$-1,595

FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY